The multifaceted energy industry is growing by the day. The Permian Basin has been setting records for crude oil production. At the same time, the green energy economy is expanding rapidly, with the International Energy Agency (IEA) reporting that renewable capacity is on pace to “[account] for almost 95% of the increase in global power capacity through 2026.” It’s fair to say that in a bustling and dynamic field like energy, managers have many responsibilities to meet, and the need for well-trained managers in this field will continue to grow. Let’s learn more about these managers now.
What Energy Industry Managers Do
Manager is a broad term that can refer to many different roles in energy or in any industry. Energy managers may oversee day-to-day operations from a headquarters, work at production sites, or be responsible for procuring new business. While the specifics of this role will vary depending on the organization you work for, we’ve summarized some typical duties below. Many of these will apply to more than one type of management role, while others are more focused in scope.
According to multiple online employment resources, on any given day, energy managers might be called upon to:
- Ensure energy production goals are met.
- Find ways to increase energy production.
- Verify that personnel are following established safety protocols.
- Secure contracts with various vendors, clients, municipalities, etc.
- Perform energy market analysis.
Career Potential for Managers in the Energy Industry
According to the U.S. Bureau of Labor Statistics (BLS), many management roles include the potential for salaries of up to six figures. In addition, some coveted positions are expected to experience steady to above-average growth between 2020 and 2030. Take these examples from the BLS website:
- Median Pay: $97,970
- Projected Growth: 8%
- Median Pay: $131,710
- Projected Growth: 17% (much faster than the average growth rate for all occupations)
- Median Pay: $133,380
- Projected Growth: 10%
Pathways to an Energy Industry Management Position
If you’d like to move up within your current organization, additional levels of training and education are often required. If you’re pursuing a new position, having a specialized graduate credential on your resume can distinguish you from other candidates. UT Permian Basin’s AACSB-accredited College of Business offers two online graduate-level credentials that can help you advance your energy career:
The prestige of an MBA can elevate virtually any business career. Our program explores key areas including finance, marketing, accounting, analytics, and risk management from general business and energy industry perspectives. It also offers a stackable credential option. Choose energy specialty courses to earn a companion credential, a Graduate Certificate in Energy Business, in about the same time it would take to finish your MBA alone—as little as four semesters! When you’re finished, you’ll add two valued graduate credentials to your resume. BLS data shows that master’s degree holders earn nearly 20% more than bachelor’s degree holders.
If you’re not ready to start a master’s degree program but have already earned a bachelor’s degree, a stand-alone Graduate Certificate in Energy Business enables you to quickly acquire new professional skills and credentials. This 12-credit, four-course program complements your existing business expertise with specialized energy business knowledge. You can earn your certificate in as little as two semesters.
Programs That Work on Your Schedule
Our energy business MBA and graduate certificate programs are delivered asynchronously, allowing you to conduct your studies from virtually any location, 24/7. You won’t find a more convenient educational opportunity. Both programs are built on a robust curriculum and taught by acclaimed UT Permian Basin faculty, translating the quality you expect from a UTPB program to the online format.
Discover firsthand what it’s like to be a successful manager in the energy industry! Our online energy business graduate programs provide the skills and credentials you need.